Flash Sports (FLZH) rises 14.41% intraday after term sheet to acquire 51% stake in Bongo Holdings
ByAinvest Wire
Wednesday, Aug 5, 2026 10:21 am ET1min read
FLZH--
Flash Sports (FLZH) shares rose 14.41% in intraday trading after the company announced a non-binding term sheet to acquire a 51% controlling interest in Bongo Holdings, a South Asian digital media platform. The deal provides access to Bongo's 300M+ viewer network and is expected to be EBITDA accretive, marking a strategic expansion for the company.
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